Montana governor invites small businesses to move to MT

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Governor Gianforte Urges Minnesota Small Businesses Facing Huge Tax Hikes to Relocate to Montana

HELENA, MT (STL.News) Governor Greg Gianforte this morning urged Minnesota small business owners to bring their businesses and high-paying jobs to Montana as they face massive tax hikes in Minnesota .

“As a business leader and entrepreneur, I understand that having fiscal and regulatory stability and certainty is critical to the success of your business, allowing you to thrive, create jobs and grow. increase opportunity. Anything less than certainty and stability is bad for business,” the governor wrote in an open letter to Minnesota small business owners.

“I am writing to provide you with greater tax and regulatory certainty and a positive business climate in Montana,” the governor continued.

This week, state leaders in Minnesota failed to replenish the state’s unemployment insurance trust fund after borrowing funds from the federal government during the pandemic. The fund, which is $1.3 billion in debt, will now be fueled by revenue from a 30% hike in first-quarter payroll taxes for Minnesota businesses.

Writing to other Minnesota entrepreneurs and business owners, Governor Gianforte explained what makes Montana the best place to do business, including a stable and predictable business climate, a business-friendly tax code and newly revised jobs and a 2021 tax cut that provides $120 million in permanent tax relief for Montana residents.

“These are just a few of the reasons Montana was recently rated the best state to start a small business,” the governor wrote.

The governor also noted Montana’s excellent quality of life, rich outdoor heritage and Montana work ethic that set the Treasure State apart.

Reflecting on his success in starting a business in Montana and creating 500 high-paying jobs in Montana, the governor wrote, “We only succeeded…because of the strong work ethic of Montananese. I am convinced that you can find success here too.

Governor Gianforte concluded, “If you value freedom and free enterprise and are looking for a place to do business that has a stable, predictable, business-friendly climate, look no further than Montana.

The governor’s open letter to Minnesota small business owners can be viewed in its entirety here.

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